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During December, the capital budget indicates a $279000 purchase of equipment for cash. The ending November cash balance is budgeted to be $39000. Cash receipts

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During December, the capital budget indicates a $279000 purchase of equipment for cash. The ending November cash balance is budgeted to be $39000. Cash receipts are $839000, and cash disbursements are $609000 during December. The company wants to maintain a minimum cash balance of $19000. What is the minimum cash loan that must be planned to be borrowed from the bank during December? $29000 $10000 O $49000 $0

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